WEEKLY EQUITY REPORT

15-07-2019 TO 19-07-2019

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Keep an Eye on Changing Market Place…WEEKLY INDICES

INDEX CURRENT PREVIOUS CHANGE

NIFTY BANK 30,601.45 31,783.60 -0.37

NIFTY AUTO 7,653.65 11,105.50 0.04

NIFTY FIN SERVICE 13,365.95 13,881.35 -0.29

NIFTY FMCG 29,252.00 33,167.90 -0.14

NIFTY IT 15,227.40 16,720.40 0.09

NIFTY MEDIA 2,066.10 2,967.90 0.44

NIFTY METAL 2,826.30 3,776.05 0.75

NIFTY PHARMA 8,144.30 10,786.35 0.42

NIFTY PSU BANK 3,178.60 3,492.70 0.24

NIFTY PVT BANK 16,913.20 17,763.95 -0.45

NIFTY REALTY 280.55 295.5 0.52

GLOBAL INDICES CHANGES

Name Current Value Change

Nasdaq 8196.04 0.08%

CAC 5577.55 0.46%

FTSE 7524.05 0.19%

Nikkei 225 21685.90 0.20%

Hang Seng 28471.62 0.14%

Top Stories This Week

Name Current Value ChangeRCOM 1.8 16.13%

KOLTEPATIL 249.45 9.62%

BIRLACORP 649.90 9.21%

SJVN 26.90 9.13%

HFCL 21.60 9.09%

NameCurrent Value Change

JETAIRWAY 48.25 22.49%

COX&KING 22.20 22.49%

SADBHAVENG 184.50 16.99%

CGPOWER 21.05 16.30%

MINDTREE 752.15 15.35%

TOP GAINER WEEKLY

TOP LOSER WEEKLY

Eris Lifesciences hits record low as stock turns ex-date for share buyback

Budget impact: KPR Mill withdraws share buyback proposal, stock dips 6%

IndusInd Bank Q1 net profit jumps 38% at Rs 1,433 cr; gross NPAs at 2.15%

Infosys Q1 profit up 5% YoY at Rs 3,802 crore, raises FY20 growth guidance

Quess Corp surges 18% on preferential share allotment to Amazon

SBI Life Insurance hits record high; surges 34% thus far in FY20

Den Networks rallies 11% as Co swings to profit in June quarter

World needs India-US 'mahagathbandan' at every level: Mastercard CEO

Budget 2019 to boost investments without any comprise in fiscal goal

Dutch bankruptcy administrator moves NCLAT on Jet Airways insolvency case

ITC chairman Puri sees firm leading in all segments in maiden AGM address

Govt plans to raise $47 bn through disinvestment in next 5 years: Report

S2 S Nity R R2 R3

MA20 MA50 MA10 MA200

NIFTY CORNER

NIFTY ANALYSIS

NIFTY Index closed the week onnegative note loosing -305 PointsWeekly High: 11771.90Weekly Low: 11461Weekly Close:11552.50Technically on the daily charts we seeminor support on the downside fornifty 50 index lies at 11500-11300 levels,where as minor resistance on theupside is capped around 11900-1220levels.If nifty 50 index breaches minorsupport on the downside and closesbelow it we may see fresh break downand index can drag index towardsmajor support on lower side around11300 and if breaches minor resistanceon the upside and closes above it wemay see fresh breakout and index canhead towards higher levels around11900-12020Currently nifty 50 index is tradingabove 200 days exponential movingaverage and suggests long term trendis bullish. We analyst predicts rangefor the week is seen from 11550-12020on upside and 11300-11100 ondownside.

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MARKET COMMENTARYWEEK AHEAD

BANKNIFTY ANALYSIS

BANK NIFTY Index closed the week on eNote loosing 1090 points weeklyWeekly High: 31373Weekly Low: 30412Weekly Close: 30616Bank Nifty opened negative note instarting of week due to effect of budgetand fell almost 1000 point it recoveredmarginally from lower levels andmanaged to close above 30500 zones at30616, .The index formed a DOJI withlong lower shadow on the daily scalewhile 'Long Legged Candle' on theweekly scale Technically on the dailycharts we see minor support on thedownside for index lies at 30000-29600levels, where as minor resistance on theupside is capped around 31000-31500levels.If Nifty bank index breaches minorsupport on the downside and closesbelow it we may see fresh break downand index can drag index towardsmajor support on lower side around30000 and if breaches minor resistanceon the upside and closes above it wemay see fresh breakout and index canhead towards higher levels around32000Currently Nifty bank index is tradingabove 200 days exponential movingaverage and suggests long term trend isbullish. We predicts range for the weekis seen from 32000-32500 on upsideand 30000-29500 on downside.

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WEEKLYCALLS

QUESS CASHIt has been continuously trading in high bearish zone since couple of week and broke its lifetime low buy managed to trade above that level and bounced back when RSI has went below 30 and remained below for 8 week and than bounced back and looking for breakout on KELTER CHANNEL and we expect it move higher and higher for coming couple of week, Hence, we recommend buy the stock above 500 for the upside target of 550 with stop loss below 465.50 levels.

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AVADHSUGAR CASHOn the daily chart, the stock is moving upside from immediate support of 230 onmonthly chart . It is also taken support around 100 moving average. The stock iscontinue in an uptrend move last couple of days It may tend to move further forupside if stock sustain above 665 level it will hit 755. It has also positive PR with Niftyand it has also found multi year support which indicate further buying. Werecommend to buy the stock above 311 for the upside target of 350 with stop lossbelow 288 level.

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CAPLINPOINT CASHThe primary trend of the stock has started up at present from MINOR support, It hasshown breakout upside with decent volumes. And it has also found reversal breakout onweekly chart and it has also trading near DONCHAIN breakout line and above midlinewhich indicate further upside till 550 .In 2019 it may hit 800 level . we recommend buy thestock above 420 for the upside level of 481-500 in the short term with stop loss below 383levels.

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JUSTDIAL CASHThe chart shows fine breakout from 200 MVG AVG on weekly chart level. The startingof 2019 has been marvelous for JUSTDIAL. It is also trading above VWAP and givenbreakout as per KELTER CHANNEL which Is a envelope and work on moving averaheband to generate bullish and bearish level. stock is in smooth uptrend with high volumeand On monthly view it is given breakout around 688.,Hence, we recommend buy thestock above 780-785 for the upside level of 830-835 in the short term with stop lossbelow 735 levels.

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INTELLECT CASHThe primary trend of intellect is bullish and has reversed back from immidiatesupport of 150-155 and bounced back from 50% fibonacci retracement line and moving toward lifetime high Since inception of it on NSE . One final thing which we have noticed that it has got breakout on DONCHAIN indicator which indicate further buying with ATR and RSI . So for next coming week we advice it to buy from 283-286 with tgt of 305-311 and keep stoploss below 260

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